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FTX goes up in flames and impacts broader crypto business, inflicting regulators to reply: Hodler’s Digest, Nov. 6-12
Coming each Saturday, Hodlers Digest will allow you to observe each single vital information story that occurred this week. The most effective (and worst) quotes, adoption and regulation highlights, main cash, predictions and rather more every week on Cointelegraph in a single hyperlink.
FTX and Binances ongoing saga: The whole lot thats occurred till now
An earthquake rattled the crypto area this week, its affect felt in quite a few associated tales relating to FTX, Alameda Analysis and Binance. Though the unhealthy information got here rolling on this week, suspicions regarding FTXs standing seem to have began on Nov. 2. The issues needed to do with numerous (FTT) held by Alameda (Sam Bankman-Fried, aka SBF, based Alameda and co-founded FTX). By Nov. 6, Binance had determined it might promote its sizable place in FTT. FTX withdrawal points surfaced on Nov. 7, symptomatic of a financial institution run. Binance expressed curiosity in shopping for FTX however declined the acquisition, citing issues on Nov. 9.
Breaking: Bahamas securities regulator freezes FTX belongings
Chainlink Labs affords proof-of-reserve service for embattled exchanges
White Home says prudent regulation of cryptocurrencies is required, hinting at state of affairs with FTX
Publish-election roundup: Who have been the pro- and anti-crypto winners and losers from the US Midterms?
worth backside takes form as outdated cash hit a report 78% of provide
Report: freezes $46M of FTXs USDT, setting new precedent
Bitcoin miner Iris Power faces $103M default declare from collectors
BlockFi limits platform exercise, together with a halt on shopper withdrawals
How one can cease your crypto neighborhood from imploding
Some central banks have dropped out of the digital forex race
Might Bitcoin have launched within the Nineties Or was it ready for Satoshi?
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